1. Bitcoin has been hovering above $70,000 for some time, but why has it not yet broken through this level, and instead shows a hint of weakness? This may be related to the fact that some coins that have gained well have begun to correct. Generally speaking, altcoins will not have much action before Bitcoin has a clear trend, because once Bitcoin moves in the opposite direction, bookmakers will also be affected. Although the data shows that ETFs continue to have net inflows, there is still no obvious rise in the market. This is mainly because there is a large selling pressure at the position of 70,000 to 73,000 US dollars, and both short-term and long-term profit-taking are sold at this price.
2. Some market participants believe the bull market is over. However, one should make judgments based on economic cycles and rationality rather than being overly inclined to various conspiracy theories. Many good news, such as the Bitcoin halving, the Federal Reserve’s interest rate cut, and the adoption of Bitcoin ETFs, etc., indicate that the bull market is still continuing. Therefore, the investment style should remain positive, and most positions can be used for investment, and continue to increase positions during major corrections, and appropriately reduce positions to control positions when prices rise.
3. Every Bitcoin halving will be accompanied by a sharp correction. Historical data shows that the correction usually reaches 50% relative to the previous high. However, due to the different current environment and conditions, this halving may not repeat the historical pattern. Therefore, while a pullback is possible, the exact magnitude is difficult to determine. Before the halving, it is recommended to adjust investment strategies, retain spot positions, close contract positions, etc. to cope with possible declines.
4. When investing, don’t trust other people’s advice and learn to independently analyze the value and ecology of the project. It is a safer choice to invest in hot currencies recognized by the market. In addition, investment mentality is also very important. Avoid greed and listening to false information, and respond to market fluctuations with a rational and steady attitude.
5. When the market reaches the peak of the bull market, adjust positions in a timely manner and transfer funds to more stable market currencies to avoid excessive risk-taking. Remember, not everyone can make money in the cryptocurrency market. Stay calm and rational and avoid being swayed by market emotions.
